The current head of global trust, Paul Patterson has been appointed as the deputy chair, RBC Wealth Management, Ultra High Net Worth (UHNW) – International.
Patterson will be based in London and will focus on developing RBC Wealth Management’s UHNW offer by deepening the existing relationships and acquiring new business amongst the wealthiest international families and institutional clients.
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The appointment of Patterson follows Michael Lagopoulos’ decision to retire from RBC after 26 years’ service, on 31 October 2012.
Further, Stuart Rutledge, currently head, global wealth services, strategy & transformation, has been appointed as the head, global trust, RBC Wealth Management.
Rutledge will be based in Jersey and will drive the development of the business, which includes RBC Wealth Management’s operations in the UK, Channel Islands and Caribbean, providing trust, banking, credit, investments, tax, custody and employee and executive services solutions to HNW, UHNW and corporate clients.
Additionally, as Chair of RBC’s global trust advisory board, he will also oversee RBC Wealth Management’s Trust business internationally.
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By GlobalDataThe appointment of both Patterson and Rutledge will become effective as of 1 October 2012 and they will remain on RBC Wealth Management’s operating committee and continue to report to George Lewis, global head, RBC Wealth Management.
